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hamstershaver
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examples pleasebran987 said:
Any day traders here???
- Thread starter jb160
- Start date
bran987 said:
Yes, it is fairly unreal to imagine that people take advantage of the intraday fluctuations in stock price. Not only that, but that some people do it EVERY day.
jb, I said it in my first post. Join a prop firm, expect to lose cash for at least three months straight. Most new traders suffer from undercapitalization. The beauty of a prop firm is that you can just throw 5g's at it and get 4-10 margin on it, but that leads to huge losses for some traders.
The hurdle for most is mentality. Taking losses is mandatory but humiliating for some. Mark Douglas wrote a book, The Disciplined Trader - a good starting point.
bran987
New member
well let me just point to a post about this from one of these unbelievable daytraders who says they earn HUNDREDS of thousands of dollars per year, making hundreds of percentage point return on their money!hamstershaver said:
He gave me a tip! Here is the link
http://www.elitefitness.com/forum/showpost.php?p=4335243&postcount=49
It was at $1.47 when he recommended it. $2.00 by Monday eh? Not only is it not at $2.00 it is down 15% in one week to $1.25
kunta is a nice guy I was just illustrating a point.
The point is daytraders have their ego wrapped up in their jobs, they all want to justify what they do and they all want to pretend to be "Trader Vic" Victor Sperandeo, who I had dinner with he was pretty cool, but the fact of the matter is most of them are full of shit. He's one of the greatest traders ever and he told me how ti goes. If they make a mint one year and lose their ass 5 of the other 6 they'll only mention the one good year. And the best part is now they will all write messages about how I'm not "in the know" and "boy are they glad there are sheep like me out there so they can reap ALL THOSE JUICY PROFITS!"
The only ones that make money trade in firms using a proprietary system and if they break those rules they get in trouble. 95% of those people make enough to make a living and that's it. Maybe 1 in 500 can make money on their own at home consistently, and for them to all be in this thread is just hilarious. and those may be lucky to return 50% per year, 3,000% consistently is just stupid to even say.
Have fun pretending to be Gordon Gecko you guys.
bran987
New member
kunta you are a really nice guy and not a jackass like some of the other people, it's nothing personal.kunta said:lol ok
i bought i @ 1.37 and sold on the rug pull @ 1.43 small profit....
in AANI @ .92 now 1.08 lookking for 1.20
in SPSC @ 1.76 now 1.85 looking for 2
keep doubting people like us while we laugh all the way to the bank
hamstershaver
New member
wouldnt you say that day trading was only good during the nasdaq boom? hammy knows nothing about stocks btw
bran987 said:
Weak, weak point.
You're "illustrating" not a day-trade, those are defined as trades closed by the bell. 4:00 EST.
You seem to have a problem understanding that people can and do make money in various markets. I trade primarliy NASDAQ but also the DAX.
Granted, most people do lose cashish, and plenty flaunt their "jobs" as flashy wall street cocksmokers. But myself, and a group of folks like me in our group not only pull out a living but also a bit of spending cash.
If you want an example of EASY cash, yesterday on Level 2 (if you don't know what that is, then you can't argue with me) NFSC showed 1002 on the ask.
SWIPE.
I pounded for all I could (only 8k) and sold two cents later.
$160 bucks in two seconds.
Not huge cash, but tell me a better pay rate.
Happens all day long.
bran987
New member
I know what nasdaq level 2 is.dio_9944 said:
Maybe after I finish selling out this building and retire I can come play around with you guys, it sounds like a lot of fun.
hope you caught the sarcasm there
p.s. if you could lose a trade in 2 seconds I think you should be watching the screen and not chatting on EF!!!
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